It can be done with WMI, so please go thru WMI with MFC.
The required query can be formulated as :
SELECT * FROM __InstanceCreationEvent WITHIN 10 WHERE TargetInstance ISA "CIM_DirectoryContainsFile" and TargetInstance.GroupComponent= "Win32_Directory.Name='C:\\Test\\MyFolderToMonitor'"
Now you can use this to build WMI based File Change notification event.
May this too help you: